Collections Tool Launched

Debt Resolve, Inc. is pleased to announce that they have launched a new online tool that will help creditors collect on their defaulted auto loans. With this new software, customers can log onto the new program called DR-Default, and pay or settle their defaulted loans.

Because of the number of customers and consumers that have been defaulting on their subprime loans, DR-Default was created to try and enhance the other options that Debt Resolve uses to collect funds from those who may have had to default on their mortgage or car loans. They collect on credit cards, student loans, utilities, and other types of consumer debt – and this new product enables that process to be a little easier.

Plus, clients will have the ability to authorize collection agents to use this product, or place their collection accounts with Debt Resolve’s collection agency – First Performance Group. This enables them to assist their clients in collecting subprime auto loans and other debts.

With auto loans being the second largest credit industry for consumers in the US, it is important to have tools to collect on those defaulted car loans. The industry estimates that they are somewhere in the vicinity of $125 billion a year in car loan debt.

Because of the fact that so many people have needed to default on their loans, Debt Resolve and their clients recognize that it is important to treat those that have defaulted fairly and with a certain amount of understanding.

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